Coinsmart Released a Crypto Platform for Canadian Taxpayers

Coinsmart has released a cryptocurrency trading platform dedicated to Canadian taxpayers.

Coinsmart is a Canadian startup aimed to “make cryptocurrency accessible to everyone” as described on the website. The company has recently released a new cryptocurrency exchange to meet the requirements of Canadian investors, including taxpayers.

The new platform will focus on “Crypto Curious” market. Furthermore, the system will provide a “tax-time reporting tool” to show users the charged fees and the resulting profit. The report can be generated for both fiat-to-crypto and crypto-to-crypto transactions.

“As a long-standing cryptocurrency investor, I have experienced first-hand how Canadians are under-served by existing exchanges,” claimed CEO Justin Hartzman, adding that “Platforms are unnecessarily complex, lack personal touch, and do not provide the tools and service support that consumers deserve. We used these issues as our design motivation and trust that Coinsmart fixes all these concerns allowing any investor —first time or not— to truly feel comfortable and secure.”

Initially, the cryptocurrency exchange supports the following cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Monero (XMR), and EOS (EOS). New altcoins will be listed in the near future. To deposit fiat currency, users can utilize Canada’s Electronic Money Transfer (EMT) system as well as Electronic Funds Transfer (EFT).

Surprisingly, those interested are able to acquire crypto assets with CAD, eliminating the restrictions on Bitcoin or Ethereum. Moreover, users are able to trade between assets that are not in a pair with BTC or ETH.

Adriana Midrigan is a web content writer and editor at Brantell, Coindoo, and TheCCPress, who takes care that the articles you read are user-friendly and the subjects are among the most sought-after. She is passionate about discovering new things in the cryptocurrency and blockchain industry.

5 Minutes of Blockchain & Cryptocurrency News!

Email Address* :

We completely understand that your inbox is already full of junk emails. We promise that we gonna try to keep it clean by sending a daily newsletter with our latest news. You can always choose to unsubscribe to our newsletter if you're not satisfied.

The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.